UniSuper Management Pty Ltd Has $3.24 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

UniSuper Management Pty Ltd raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 28.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 100,928 shares of the company’s stock after acquiring an additional 22,558 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Keurig Dr Pepper were worth $3,242,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after acquiring an additional 22,856,757 shares during the last quarter. State Street Corp increased its holdings in Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after purchasing an additional 4,970,467 shares in the last quarter. Geode Capital Management LLC raised its position in Keurig Dr Pepper by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after purchasing an additional 591,316 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Keurig Dr Pepper by 32.3% in the fourth quarter. JPMorgan Chase & Co. now owns 18,685,837 shares of the company’s stock worth $600,189,000 after purchasing an additional 4,562,128 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Keurig Dr Pepper by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,378,207 shares of the company’s stock worth $488,463,000 after purchasing an additional 59,464 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price for the company. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, Morgan Stanley increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

Keurig Dr Pepper Trading Down 1.5 %

NASDAQ KDP opened at $33.74 on Friday. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28. The stock has a 50-day simple moving average of $32.72 and a 200 day simple moving average of $33.54. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $45.78 billion, a PE ratio of 20.45, a P/E/G ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the business posted $0.55 EPS. Keurig Dr Pepper’s revenue was up 5.2% on a year-over-year basis. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.73%. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the transaction, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,397,350 shares of company stock valued at $2,756,292,570 in the last quarter. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.